PT Megapower Makmur targets to raise Rp49 billion to Rp61.2 billion from offering 245.1 million shares, representing 30% of its total issued and paid-up capital, through the initial public offering (IPO). Megapower sets its IPO prices at Rp200-250 per share. The Company will use 50% of IPO proceeds for paying debts to its shareholder, Bina Puri Power Sdn Bhd which controls 80% shares of Megapower. By end 2016, Megapower’s debt totaled Rp268.7 billion. Megapower booked net profit of Rp7.3 billion last year on revenues of Rp59.2 billion.